Portugal

Oeiras to build 770 affordable homes in former Algés station

Oeiras to build 770 affordable homes in former Algés station
Oeiras

The Municipality of Oeiras has formalized a protocol with the Housing and Urban Rehabilitation Institute (IHRU) for the construction of 770 new affordable homes in the anti-urban area, at the old Algés Radionaval Station. This initiative aims to strengthen the public housing stock, in line with the guidelines of the Recovery and Resilience Plan (PRR).

The ability to dream, to achieve a better state for people, is what has always driven us and what has allowed Oeiras to make its exemplary journey in terms of housingThe construction of 770 new homes on the former Radionaval site is part of the Recovery and Resilience Plan (PRR), an investment of around 170 million euros. The execution of this project also involves the creation of a 12-hectare urban park and the possibility of installing equipment for public use there.

At the ceremony to formalize the protocol, António Costa stressed that "the persistent work of the Mayor, Isaltino Morais, is absolutely exemplary and is one of the realities that makes the Municipality of Oeiras one of the most socially cohesive, integrated and best developed". Marina Gonçalves stressed that it was always a source of pride to witness the work done in Oeiras in terms of social housing.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!